GlobalFoundries is a semiconductor company based in Malta, New York, that was established after Advanced Micro Devices (Nasdaq: AMD) decided to spin off its chip manufacturing operations. The company is now owned by Mubadala Investment, the Abu Dhabi government’s investment unit.
The move comes as Intel advances efforts to produce more chips for other technology companies and as GlobalFoundries broadens its manufacturing footprint with the construction of a new facility in Singapore.
In March, Mountain View, California-based Intel announced a $20 billion investment plan to support the expansion of semiconductor facilities in the U.S. to help address the current chip shortage.
A spokeswoman for GlobalFoundries said the company is not in talks with Intel.
Client Solution Architects has appointed Ellen Barletto as chief growth officer, expanding her leadership responsibilities after nearly two decades with…
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
